This course is directed both to majors and non-majors of Actuarial Science. The course is designed as a survey of the professional field of actuarial science, as certified by the Society of Actuaries and the Casualty Actuarial Society. The role of actuarials in the financial evaluation of risk in strategic management decision-making is emphasized. Introduction to the roles of linear algebra, statistics and probability, risk theory, and actuarial mathematics to topics of pricing, loss reserving, and insurance accounting are included. Field experiences, guest lecturers, and computer assignments are part of the learning experiences required for the course. 3 credits
Prerequisite: MATH2070 or concurrent3 Credits